Gazprom Neft gets first oil at Iraqi field

Gazprom Neft (GZPFY), the oil-producing arm of Russian gas firm Gazprom (OGZPY, OGZRY), says it has produced first oil in well-testing at its Badra oilfield in Iraq and plans to start commercial production there this year.

The successful testing at the BD4 appraisal well took place late last month with a natural flow rate of 7K bbl/day; Badra's output is expected to reach 170K bbl/day by 2017.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs